Camtek Ltd. (NASDAQ:CAMT) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in Camtek Ltd. (NASDAQ:CAMT) by 551.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,864 shares of the semiconductor company’s stock after buying an additional 15,120 shares during the quarter. Bank of New York Mellon Corp’s holdings in Camtek were worth $2,237,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CAMT. Headlands Technologies LLC acquired a new stake in shares of Camtek in the first quarter worth $50,000. Russell Investments Group Ltd. raised its stake in shares of Camtek by 524.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,474 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 1,238 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Camtek by 17.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the semiconductor company’s stock valued at $158,000 after buying an additional 340 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Camtek in the fourth quarter worth about $214,000. Finally, Shaker Investments LLC OH acquired a new stake in Camtek during the first quarter worth about $266,000. 41.93% of the stock is owned by hedge funds and other institutional investors.

Camtek Stock Performance

NASDAQ:CAMT opened at $77.51 on Tuesday. The company has a fifty day moving average of $98.08 and a two-hundred day moving average of $96.00. Camtek Ltd. has a fifty-two week low of $48.50 and a fifty-two week high of $140.50. The stock has a market capitalization of $3.48 billion, a PE ratio of 43.79, a P/E/G ratio of 1.64 and a beta of 1.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.29 and a current ratio of 5.21.

Camtek (NASDAQ:CAMT) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Camtek had a net margin of 25.93% and a return on equity of 22.57%. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.26 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. As a group, research analysts forecast that Camtek Ltd. will post 2.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CAMT. Bank of America boosted their price target on Camtek from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Northland Securities upgraded shares of Camtek from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Monday, August 5th. Northland Capmk upgraded shares of Camtek from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. B. Riley decreased their price objective on shares of Camtek from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of Camtek in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $116.57.

Camtek Company Profile

Camtek Ltd., together with its subsidiaries, develops, manufactures, and sells inspection and metrology equipment for semiconductor industry. The company provides Eagle-i, a system that delivers 2D inspection and metrology capabilities; Eagle-AP, which addresses the advanced packaging market using software and hardware technologies that deliver superior 2D and 3D inspection and metrology capabilities on the same platform; and Golden Eagle, a panel inspection and metrology system to address the challenges fanout wafer level packaging applications.